Duplex with Private
For Sale
$240,000
313 E MAGNOLIA Drive, Chalmette, LA 70043
Multifamily, Chalmette, LA
Property Size2,000 SF
Price / SF$120
Days on Market112
Property Features for 313 E MAGNOLIA Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Parking features
Driveway
Subdivision
Versailles
Standard status
Active
APN
31315emag
Size
2,000 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private yard
driveway
Building Details
Year built
1985
Number of units
2
Building materials
Brick
Architectural style
Ranch
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Christina Scott · License #995697843
(504) 450-1114
Added: Jul 7
Changed: Oct 24
Last Checked: Oct 26 at 5:06AM
MLS# 2566685
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick duplex contains 2,000 square feet and was built in 1985. One residence has three bedrooms and one bathroom; the other has two bedrooms and one bathroom. Each side includes a private yard, and a driveway provides on-site parking. Both units have central heating and central air conditioning, with separate utility meters.
The property is fully occupied and served by public water and public sewer. It is located on E Magnolia Drive in Chalmette, Louisiana.
The property is fully occupied and served by public water and public sewer. It is located on E Magnolia Drive in Chalmette, Louisiana.
Key Highlights
- 2,000‑square‑foot duplex built in 1985
- Two residences: one with 3 bedrooms and 1 bathroom, and one with 2 bedrooms and 1 bathroom
- Each residence has a private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,948
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,960
$439.0K
Cap Rate 7%
$313,543
$313.5K
Cap Rate 9%
$243,867
$243.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$34.3K $17.16/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$31.4K $15.68/SF
− OpEx
−$9.4K −$4.70/SF
NOI
$21.9K $10.97/SF
Area
St. Bernard County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,960
Cap Rate 7%
$313,543
Cap Rate 9%
$243,867
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.4K – $365.8K
NOI $21,948 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
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Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate utility meters, private outdoor space, and central heating and air conditioning.
Where is this duplex located?
The property is located at 313 E MAGNOLIA Drive Chalmette, LA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2,000‑square‑foot duplex built in 1985; Two residences: one with 3 bedrooms and 1 bathroom, and one with 2 bedrooms and 1 bathroom; Each residence has a private yard
